Unit 4 Discussion: Deposit and Investment Risk Disclosures The financial reports of a governmental entity must include a disclosure of the deposit…

Unit 4 Discussion: Deposit and Investment Risk Disclosures

The financial reports of a governmental entity must include a disclosure of the deposit and investment risks that the entity faces. The Governmental Accounting Standards Board (GASB) requires disclosures on the nature of the deposit and investment risks, the governmental entities policies regarding these risks, and a description of each investment and/or exposure to interest rate or exchange rate risk.

Instructions:

Navigate to the GASB website ( click on GARS Online under the Standards and Guidance tab, and log-in to the system using your FASB Codification credentials. GASB and FASB have joined together to allow academic users free basic access to the codifications of all standards. You will need to accept the terms of use if this is the first time you have accessed the Governmental Accounting Research System (GARS).

Read the summaries for GASB 3, “Deposits with Financial Institutions, Investments and Reverse Repurchase Agreements”, and GASB 40, “Deposit and Investment Risk Disclosures.”

Use Google to find the most recent annual report of your hometown.

Discuss the following with regards to your hometown government’s financial condition:

  • Describe one or two of the investments your local government has made.
  • Describe the policies your local government has for undertaking investment risks.
  • Does the government’s annual budget include funding for this type of investment?
  • Describe the disclosures that are provided for each of these investments.
  • Discuss your opinion about whether or not you feel that your local government has adequately addressed the risks, and whether or not you agree with the nature and types of investments that it has made.

Title your Post with the cash misappropriation method. Try to choose a method that has not been used more than once so that we will have some variety in our conversations.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with My Homework Geeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat